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According to Grim Finance, it was an “advanced attack” in which hackers exploited a flaw in the vault contract. Grim Finance, a DeFi protocol, and Smart Yield Optimizer Platform has announced that the platform was hacked Saturday 18th in an “advanced attack” that allowed hackers to steal over $30 million worth of Fantom Tokens. In […]
The hack took place after one of the bZx’s employees was sent a phishing email embedded with a malicious macro hidden in an MS word document, which, when downloaded, ran a script allowing the attacker to obtain the developer’s personal mnemonic cryptocurrency wallet phrase. A decentralized finance (DeFi) lending platform called bZx has suffered a […]
British Art Collector Bought Fake Banksy NFT for £240,000 ($336,000) – Scammer Returned Stolen Funds Later. An art collector in the United Kingdom was scammed into spending more than £240,000 ($336,000) for NFT (non-fungible token) by an online scammer. Reportedly, the anonymous investor purchased the token after receiving notification of its sale by an unknown […]
Despite countless examples to the contrary, many people still toss cryptocurrency and criminal activity into the same bucket. But is this born out of ignorance or fact? We all fear the unknown. Perhaps it’s partially because, to the layman, digital currencies suddenly seem to be taking over. Despite proving that cryptocurrency is about more than […]
Author: Marshall Taylor Blockchains and their cryptocurrencies are energetically following a path similar to other major leaps in technology that have come before it. Like automobiles, electricity, or the world wide web, the technology and communities behind blockchain tech are growing and innovating far ahead of existing regulations or social safety nets. On one hand, […]
Author: David Hamilton The banking system is inefficient in its current state as it requires the use of multiple third-party verifications and transferring services in order to complete a transaction. Blockchain can alleviate the need for these organizations and provide the world with a viable solution to the inherent problems facing the banking community. Blockchain is transforming the way […]
Author: Colin Harper If you’ve ever dealt in Bitcoin, you may have suffered through hour-long (or at worst, day-long) transaction times. It’s becoming commonplace for Bitcoin to have backlogs of 150k+ unconfirmed transactions at times of high transaction volume, and when we couple this with its exorbitant fees, it’s a wonder how you’re ever gonna […]
Author: Alex Moskov What is Litecoin? Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency that was released on October 7th, 2011 and went live on October 13th, 2011. The silver to Bitcoin’s gold. Bitcoin’s little brother that doesn’t get out much. These are just a few of the things you might hear being tossed around when […]
DUHK (Don’t Use Hard-coded Keys) is a new crypto implementation attack that could enable attackers to obtain secret keys that secure VPN (Virtual Private Network) connections, web browsing sessions and read encrypted communications crossing over VPN connections. The encrypted data could contain sensitive business data, login credentials, credit card information and other private data. The […]
Publish primes with seeds, so we know there are no backdoors. Researchers with at the French Institute for Research in Computer Science and Automation (INRIA) and the University of Pennsylvania have called for security standards-setters to publish the seeds for the prime numbers on which their standards rely. The boffins also demonstrated again that 1,024-bit primes […]